LOS ANGELES: A new report suggests that people over the age of 50 have a higher chance of becoming permanently jobless compared to younger people.
The research suggests that people aged between 50 and 64 who experienced a change in their economic status, just under a third (30.5%) successfully found work. In comparison, a larger number of people aged 50-64 became permanently jobless, either through inactivity or unemployment, than were able to return to work.
The report goes onto suggest that the over 50s demonstrated a substantial desire to work, similar to younger people but faced significant barriers.
Age discrimination is cited as one such barrier with the research highlighting that people aged 50-69 who report having experienced some kind of discrimination, felt their age was the main reason for being treated differently by employers.
For those older people who do manage to find employment, just over half of those aged 50-64 ended up working for an employer, compared to more than two-thirds of those in younger age groups…